Mindblown: a blog about philosophy.
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Flaws found in Portland’s inclusionary housing program
An audit of Portland's inclusionary housing program revealed inadequate monitoring, with affordable apartments not always going to low-income renters. The Housing Bureau lacks oversight, with some buildings not meeting affordability requirements. Fees meant for affordable housing have not been used as intended. The program has fallen short of its goal, and marketing to potential tenants…
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Your Real Estate Resource for Advice, Tips and Trends. | Finding the Perfect Suburb: Portland’s Top Pick
5. West Linn – Population: ~27K – Median home value: ~$677K – Median rental price: $1,907 4. Lake Oswego – Population: ~40K – Median home value: ~$825K – Median rental price: $1,979
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Your Real Estate Resource for Advice, Tips and Trends. | Portland Homebuyers: Down Payments Soar by 8%
The median down payment in Portland ↑ 8% yearly to ~$71K. The typical down payment in Portland, exceeding 15%, aligns with the national median.
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Your Real Estate Resource for Advice, Tips and Trends. | $2,949 Monthly Payment: Oregon Mortgages
The avg homeowner pays $2,949 each month towards their mortgage in Oregon. To qualify for this payment, a 20% down payment on a $488,012 home is typical.
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Your Real Estate Resource for Advice, Tips and Trends. | Oregon’s New Homes Jump 9% in Value!
The US median home sale prices ↑ 5.3% yearly in Late-Q1, indicating a potential return to growth. The value of new residential housing units in the US increased by 18.9%.
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Portland Apartment Buildings Are Selling Cheap. Is That An Opportunity for Local Governments?
Metro is considering diverting some supportive housing services tax dollars to create more low-income housing. The debate involves buying existing apartment buildings at discounted prices to convert them into affordable units. Metro is exploring this option despite objections from county chairs. The agency is weighing the efficiency of purchasing existing units compared to building new…
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Your Real Estate Resource for Advice, Tips and Trends. | Oregon: Best States for Homeowners Insurance
The home insurance market dynamics prompt a discussion on the best states for homeowners insurance in the US. Oregon ranks 6th out of 15 states in the latest ranking.
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Your Real Estate Resource for Advice, Tips and Trends. | Honoring Our Nation’s Heroes on Memorial Day.
This day honors the brave men and women who have sacrificed their lives to defend America's freedom.It became an official federal holiday in 1971. Americans observe Memorial Day by visiting cemeteries and memorials.
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With new bureau, Portland attempts to streamline residential, commercial permitting process
Portland is revamping its permitting process with a new bureau to streamline and simplify the system. The former process was complex and inefficient, requiring builders to navigate multiple bureaus. The Bureau of Development Services faced financial challenges due to a decrease in construction. The city council approved policies to lower building costs and attract developers,…
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Your Real Estate Resource for Advice, Tips and Trends. | Portland’s Rent Changes: Invest Confidently!
The median rent for a 1-bed in Portland was $1,450 in April. It was ↑ 1.4% MoM, but ↓ 3.3% yearly.
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